"A federal judge on Tuesday handed Meta a victory, ruling against the Federal Trade Commission (FTC) in an antitrust suit that claimed the social media giant stifled competition and bolstered a monopoly by buying upstart rivals. The FTC sued Meta five years ago alleging anti-competitive behavior in what has amounted to the biggest legal challenge yet to one of the world's most influential social media companies. The case followed an investigation that began during the first Trump administration."
""Believing that the only constant in the world was change, the Greek philosopher Heraclitus posited that no man can ever step into the same river twice. In the online world of social media, the current runs fast, too," Boasberg wrote. "The landscape that existed only five years ago when the Federal Trade Commission brought this antitrust suit has changed markedly. While it once might have made sense to partition apps into separate markets of social networking and social media, that wall has since broken down.""
A federal judge ruled against the Federal Trade Commission in its antitrust suit alleging Meta stifled competition by acquiring Instagram and WhatsApp. The FTC alleged Facebook/Meta employed a "buy or bury" strategy, overpaying for Instagram in 2012 and WhatsApp in 2014 to eliminate rivals and protect monopoly power. The FTC sought an order to spin off Instagram and WhatsApp to restore competition. Judge James Boasberg concluded the FTC did not demonstrate that Meta holds a monopoly in social media and emphasized that the social media landscape has changed markedly, with boundaries between platforms blurring.
Read at KPBS Public Media
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